Block (NYSE:XYZ) Director Anthony Mathew Eisen Sells 6,000 Shares of Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $75.70, for a total transaction of $454,200.00. Following the completion of the transaction, the director owned 1,272,672 shares in the company, valued at $96,341,270.40. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Mathew Eisen also recently made the following trade(s):

• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total transaction of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total value of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total value of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total value of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total value of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total value of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total value of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.90, for a total value of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total value of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total transaction of $465,240.00.

Block Stock Performance

Shares of XYZ stock opened at $75.84 on Thursday. The company has a market cap of $45.57 billion, a price-to-earnings ratio of 135.43, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $78.78 and a 200-day moving average of $74.69.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion during the quarter. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, equities analysts forecast that Block, Inc. will post 2.74 earnings per share for the current year.

Hedge Funds Weigh In On Block

A number of institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC increased its stake in Block by 7.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after purchasing an additional 82,446 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Block during the second quarter worth $366,000. PNC Financial Services Group Inc. raised its holdings in Block by 35.7% during the first quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock worth $4,191,000 after buying an additional 18,326 shares during the last quarter. Swiss National Bank lifted its stake in shares of Block by 6.7% in the first quarter. Swiss National Bank now owns 1,607,286 shares of the technology company’s stock valued at $96,726,000 after buying an additional 101,300 shares in the last quarter. Finally, Old Mission Investment Co LLC bought a new position in shares of Block in the second quarter valued at $1,513,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. KeyCorp upped their price objective on shares of Block from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. TD Cowen raised their target price on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Craig Hallum began coverage on Block in a research note on Tuesday, June 30th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

About Block

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.